Current:Home > InvestNetflix plans to open brick and mortar locations -Blueprint Capital School
Netflix plans to open brick and mortar locations
View
Date:2025-04-16 12:43:26
Netflix recently shuttered the longstanding mail-order DVD service that led to the closure of video stores around the world and ushered in the era of streaming. But now the company appears to be embracing brick and mortar.
According to a Bloomberg report quoting Josh Simon, the company's vice president of consumer products, Netflix aims to open a network of stores offering retail, dining and live entertainment that leverage its TV shows and movies.
Netflix has not announced what it will be selling at the locations; it's unclear if DVDs or any type of physical media will be part of the inventory.
The streamer plans to open the first two of these "Netflix House" locations in unannounced cities in the U.S. in 2025. It hopes to expand the concept to major cities around the world thereafter.
"We've seen how much fans love to immerse themselves in the world of our movies and TV shows," Simon told Bloomberg. "And we've been thinking a lot about how we take that to the next level."
Netflix did not immediately respond to NPR's request for comment.
Though Disney, a major Netflix competitor, has been in the retail, dining and live entertainment spaces for decades, such offerings have not yet been part of Netflix's core brand. But the company has recently been dabbling in these areas.
Earlier this year, the streamer opened a pop-up restaurant in Los Angeles featuring menu items created by chefs associated with Netflix cooking shows. The company has also launched pop-up stores offering merchandise from its hit show Stranger Things in cities such as Paris, Las Vegas and Chicago.
It was also involved in The Queen's Ball: A Bridgerton Experience, a traveling production that recreated sets from the Netflix show Bridgerton with actors, live music and dancing.
It's not unusual for successful online brands to gravitate to the physical world. Amazon, for example, opened brick and mortar stores and acquired Whole Foods Market.
"Netflix is an ecosystem. It opened a merchandise shop a couple of years ago. It's investing in mobile games. It's more than just a place for your remote control to gravitate to at the end of a long day," said Rick Munarriz, a senior media analyst with the investment advice company, The Motley Fool, in a statement to NPR. "Success in the real world through location-based entertainment is the spoils of victory for a leading tastemaker. If Disney and NBC Universal can operate theme parks I give Netflix a decent shot of succeeding with this venture."
But NPR TV critic Eric Deggans is less convinced about Netflix's forays into the real world.
"It sounds like Netflix is trying to do what Disney does," Deggans said. "But Disney has been doing what Disney does for a very long time. And the amount of money Netflix would have to spend to actually compete with them doesn't make any sense to me."
Deggans added: "I think it's some kind of weird experiment that they probably will not do for very long."
veryGood! (774)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Missed the State of the Union 2024? Watch replay videos of Biden's address and the Republican response
- Barack Obama turned down a '3 Body Problem' cameo in the best way to 'GOT' creators
- Hissing alligator that charged Georgia deputy spotted on drone video
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Maryland Senate passes bill to let people buy health insurance regardless of immigration status
- How Black women coined the ‘say her name’ rallying cry before Biden’s State of the Union address
- Ulta Beauty’s Semi-Annual Beauty Event Kicks Off with 1-Day Deals – 50% off Estee Lauder, Fenty & More
- A South Texas lawmaker’s 15
- Some fans at frigid Chiefs playoff game underwent amputations, hospital confirms
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Maryland Senate passes bill to let people buy health insurance regardless of immigration status
- Colorado finds DNA scientist cut corners, raising questions in hundreds of criminal cases
- Hissing alligator that charged Georgia deputy spotted on drone video
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- What is happening in Haiti? Here's what to know.
- The Absolutely Fire Story of How TikToker Campbell Puckett Became Husband Jett Puckett's Pookie
- Psst! Coach Outlet Secretly Added Hundreds of New Bags to Their Clearance Section and We're Obsessed
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Nathan Hochman advances to Los Angeles County district attorney runoff against George Gascón
Alabama woman set for a plea hearing months after police say she faked her own kidnapping
Israel-Hamas cease-fire unlikely before Ramadan as Hamas delegation leaves talks, but says they'll resume
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Dakota Johnson and Chris Martin Privately Got Engaged Years Ago
Natalie Portman and Benjamin Millepied divorce after 11 years of marriage
The total solar eclipse is one month away on April 8: Here's everything to know about it